Casualty Underwriter - FAC Reinsurance GCC&NA at AIG

Dubai, Dubai, United Arab Emirates

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Bachelor’s Degree
Experience in field territory management related to the insurance industry
Preferably completed negotiations skills and time management training
Thorough knowledge of the Property & Casualty industry
Advanced skills in MS Word, Excel, PowerPoint, and Outlook
Good business management skills in planning, organizational ability, decision-making, and priority setting with superior time management skills
Ability to work independently, self-manage, organize, and prioritize work with minimal direction from superiors; perform multi-tasks simultaneously and shift focus quickly
Ability to establish trust and effective working relationships with team, field offices, and producers
Integrity, image, communication skills, and interpersonal skills

Responsibilities

Effectively and profitably underwrite, market, sell, and promote all Liabilities Group products
Responsible for the profitable underwriting of new business production and renewal retention of Casualty products for assigned territory (GCC & North Africa) developed through Brokers, Direct Clients, and Business Development Managers
Maintain the Casualty Underwriting Guidelines that adhere to all corporate standards and support the strategy and profit goals of the company
Underwrite new and renewal business to promote premium growth within underwriting authority; achieve overall production goals in collaboration with the Underwriting Manager
Provide sound underwriting decisions, exhibit flexibility, price risks to achieve established profit goals; provide feedback on renewal loss ratios that exceed permissible; identify poor performing accounts
Work independently to evaluate and analyze submissions, apply underwriting guidelines/business practices, and make underwriting decisions
Maintain broker/client relationships; generate new business from existing producers and up-sell current accounts
Ensure that all casualty pricing tools are used correctly and that all casualty quotes, binders, and policies are issued in accordance with regulatory and corporate policies
Adhere to underwriting authority & guidelines referenced in the AIG Casualty Intranet site; ensure all underwriting decisions are documented in the underwriting file
Ensure all underwriting directives and compliance processes are followed
Ensure the tracking of all Casualty Accounts of AIG UAE
Ensure timely update of eStart and other tracking tools
Ensure timely booking of all policies
Handle all process-oriented tasks ensuring a smooth process in place
Collaborate with other team members of the Casualty department and peer underwriters within Commercial Lines
Develop strong interpersonal relationships with assigned countries and their employees
Foster positive business relationships with producers and clients

Skills

Underwriting

Casualty Insurance

Reinsurance

MS Excel

MS Word

MS PowerPoint

MS Outlook

Territory Management

Broker Relations

Negotiation

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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